L.L. Bean Mastercard Review

About L.L.Bean Mastercard

Do you want to earn points when spending money? L.L. Bean Mastercard with Bean Bucks points system is exactly what you need. It is a joint project of Mastercard and the popular retailer. “How many points can I get when making payments with LLBean?” – The percentage depends on the place and the total amount. 

The points system isn’t the only reason why more and more people want to become owners of L.L.Bean Mastercard. There are many perks and bonuses you can benefit from. Do you buy things at L.L.Bean regularly? Then, don’t pass by! Find out how you can save money and enjoy many cool pros.

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Table of Content

 

About L.L.Bean Mastercard

L.L. Bean Mastercard Review

 

L.L.Bean Mastercard has been issued by Citibank. They’ve developed a mobile app for the convenience of users. As has already been said, L.L.Bean Mastercard is for loyal L.L.Bean clients. It suits those who make purchases at the company as points called Bean Bucks can be spent at LLBean only.

Buy the necessary products and get points for every purchase. You’ll be able to spend points for your next purchase and get a product at a cheaper cost. 

Besides the points system, there are bonuses and rewards. Those who use the card for the first time get a 15% discount for the purchase. It’s a one-time offer. L.L.Bean owners can enjoy free shipping and returns. 

What Are the Features of L.L.Bean Mastercard?

Why LLBean Mastercard? Let’s have a look at the main characteristics that will help you make the right choice.

  • A reward system: Earn bean bucks every time you make a purchase. If you hold a llbean card, you can count on getting 4% of the purchases you make at L.L.Bean.
  • APR: lower than in many other store cards.
  • Annual fee: 0$.
  • Balance transfer fee: 5% for each transaction.
  • Charges for foreign transactions: a commission of 3%.
  • Credit for approval: good or excellent (not lower than 630). It isn’t as easy as ABC to get the reviewed product as well as the American Express card.

Generous Reward Rate

L.L. Bean Mastercard Review 2

Holders of L.L.Bean Mastercard make purchases and get 4% back. According to the reward system, the holders can spend 2% of the purchase cost on making purchases either at a restaurant or at the gas station.

However, keep in mind that 2% are credited for certain products only. If you want to check how many bean bucks are available, just enter your account.

For example, the amount of your reward is 100 bean bucks. You can spend them on the purchase, which cost isn’t lower than $150. 1 bean buck is equal to $1. It’s up to you to select the number of points you want to apply to the purchase. Spend $100 in points, and you’ll need to pay only $50. 

APRs

Compared to similar products issued by  American Express and other companies, the APR is cheap here. It varies from 16.49% up to 25.49%. It’s a fair annual percentage rate as most other cards have 25%-27%. You should bear in mind that your APR depends on your creditworthiness. 

There is one more thing to take into account. There is no introductory APR due to the fact that there is a 15% discount for the first purchase. 

Annual Fee

The reviewed product has a regular APR that is variable. It’s from 16.49% to 25.49%. As for the annual fee of L.L.Bean Mastercard, it is $0. 

Balance Transfer Fee

The balance transfer fee of L.L.Bean Mastercard is 5% for each transaction you make.
The minimum transfer fee shouldn’t be less than $10. So, all of your balance transfers are charged a fee of 5%. Let’s have a look at an example: transfer fees for the balance of $1,000 could be $50. The minimum amount is $10.

Charges for Foreign Transactions

It isn’t a good idea to use L.L.Bean outside the U.S. Each time you make a foreign transaction, you need to pay a commission. It’s rather high – 3%. For example, if you plan to go on a trip abroad that costs $2000, be ready to spend an extra $60. As you can see, it isn’t the best option for using abroad.

You’re recommended to look for a product of American Express that doesn’t charge for foreign transactions if you want to use it overseas. Otherwise, you will spend a lot of money on the regular commission of 3%.

Good or Better Credit Required

Do you want to apply for L.L.Bean Mastercard? Keep in mind that applicants should have either good or excellent credit. To get approved, you need to have a credit score of 630-700.

Those who have a lower credit score can’t get an application approval. There is nothing surprising in the fact that your score shouldn’t be too low. Applicants for credit cards face the same situation when they want to apply for an American Express credit. 

If you have any doubts or questions regarding the possibility of getting a credit card, you should go to customer service. Specialists will provide you with the necessary information and tell you what you should do to become a cardholder. 

Pros & Cons Of L.L. Bean Mastercard

Pros Cons
Generous rewards Fees for making foreign transactions
Free shipping and monogramming Absence of introductory annual percentage rate
A relatively cheap annual percentage rate The presence of an L.L.Bean account is a must to apply for the credit card

Let’s discuss the card’s advantages and disadvantages in more detail. 

Advantages: 

  • Great rewards. You don’t need to do anything special to get points. Just make purchases as usual and get Bean Bucks for each purchase. Each point is equal to $1. You can apply these points to your next purchase and decrease the price. The system of getting rewards is as easy as ABC. For example, you have spent $100 on the purchase. You’ll get $4 back as a reward (4% of the purchase cost). 
  • Free shipping and monogramming. All holders can enjoy free shipping and return. Besides, it’s possible to ask to make monogramming on bags, pajamas, etc., for free.
  • Cheap APR. The APR is relatively low here (16.49%-25.49%). 

Disadvantages: 

  • Fees for foreign transactions. When you make purchases abroad, you should be ready to spend more. The transaction fee for purchases overseas is 3%.
  • Absence of 0% APR period. The company offers a one-time discount for the first purchase. It’s the reason why there is no introductory annual percentage rate. 
  • The presence of an L.L.Bean account is a must. You can get L.L.Bean Mastercard only if you have an account. To apply for the reviewed product, you need to log into your account. Those who make purchases at the store regularly but don’t have accounts can’t become L.L.Bean holders. 

About Cashback of L.L. Bean Mastercard 

Most applicants wonder what the cashback of L.L. Bean Mastercard is. You aren’t supposed to get additional cashback when shopping, except for bean bucks. So, the reward system for holders is the following: 

-4% for all eligible purchases at the L.L. Bean store.

-2% for gas stations and restaurants.

-1% for all other spending.

Every time you spend money at the store, you save a certain percentage. It can be used on your future purchases (1 point is equal to $1). You can decide how many points you want to apply to the purchase and pay the rest in cash.

How to Earn Bean Bucks 

Shopping with ll bean Mastercard has become much more affordable and enjoyable thanks to a generous rewards system. Bean Bucks are points that are given with each purchase at the L.L. Bean store. You don’t need to do anything to get points except for buying your favorite products. When you make a purchase, 4% on all eligible purchases goes back to your credit.

The points called Bean Bucks cannot be applied to any other program. You can spend them on your next purchase at the L.L. Bean store only. 

Take into account that you cannot transfer your points to anyone else. When you earn bean bucks, you can check them in your personal bean account. 2% of bean bucks can be used for spending on gas stations and restaurants. 1% is from all other spendings.

The more you spend on the products offered by L.L.Bean, the more bean bucks you accumulate. The system of earning points is as easy as ABC here. For example, your total purchase cost is $100. 4% of the amount will be back to your account. 

L.L.Bean Bonus Categories and Limitations

There are no extra bonuses for using the card besides bean bucks. But when you make the purchase for the first time, you are rewarded with a one-time discount (15%). Keep in mind that this bonus refers to those who are approved online instantly and are ready to make a purchase after the approval. 

If your application has been approved, you automatically become a member of the rewards system. It means that you get bean bucks each time you go shopping at the store. (4%, 2%, and 1%). As for the 2% that is accumulated for use at a gas station/restaurant: it may be credited for certain goods. 

So, if you are a loyal shopper, you can reduce the cost of your purchases with the help of bonuses – “bean bucks.” There are no limitations on what you can use your rewards for – just check how many points are available in your bean account and apply them to your next purchase successfully.

 

 

FAQ

Does L.L. Bean’s credit card have a foreign transaction fee?

Yes, there is a 3% fee for foreign transactions. Despite the fact that Mastercard is used worldwide, you have to pay a higher price for making purchases overseas. You’re recommended to make calculations of the price you need to pay together with the transaction fee.

What is the customer service phone number for the L.L. Bean Mastercard?

Holders can use the service phone number 1-800-421-2110 whenever they need customer support. There are no breaks or holidays. Customer service is available 24 hours a day 7 days per week. Make a call, and specialists will give you answers to all your questions instantly.

How long does it take to take L.L. Bean credit?

It won’t take you long to get it. You can fill out an application form at the store if you want to become a holder. Keep in mind that there is one requirement for instant approval - you need to have either a good or excellent score.

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